Business Manager
Salary

For Business Managers, higher-than-average salaries can be found at Capital One Financial Corp, where the average employee brings in around $131K relative to the national average of $58K annually for those in this line of work. United Parcel Service (UPS), Inc., Raytheon Co., and AT&T Inc. are a few other companies that offer generous salaries, with Business Managers earning around $120K, $103K, or $102K at each firm, respectively. This overview is based on answers to PayScale's salary questionnaire.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

)

$34,209 - $106,473

Country: United States

Currency: USD

Updated: 11 Mar 2018

Individuals Reporting: 1,251

Job Description for Business Manager

A business manager is sought after by a variety of companies in many industries. Some employers will be looking for candidates with a bachelor's degree in business administration or a similar discipline, while others are willing to accept an applicant with a high school diploma or associate's degree. The business manager should also usually have at least two years of experience working in administration positions, in addition to several years of experience in the industry of the company. The prospective employee should be proficient in Microsoft Office. The business manager will primarily work indoors, although the settings may vary. There can be some travel involved.

The business manager is primarily responsible for ensuring that the company's operations in that department are proceeding smoothly. This can involve drafting and executing plans and tasks, assigning work to various staff members, organizing workflow, and coordinating staff meetings. They are responsible for the organization of their department, including recommending changes or improvements as needed. They are in charge of ensuring that all expenses are within the operating budget, and they may be required to draft and present reports to executives as necessary.

The business manager will work closely with other departments, as well as with employees in their own department. The business manager will usually report to a department head or executive. (Copyright 2018 PayScale.com)

Business Manager Tasks

Manage business and financial affairs related to the administration of business unit or department.

Drive business functions and ensures employee efforts support organizational goals and objectives.

Popular Employer Salaries for Business Manager

Common Career Paths for Business Manager

Plan your career path. Drag job titles to investigate a particular path and click on a link to see where particular career can lead.

Business Managers may experience a large salary bump if they progress into a role such as Chief Financial Officer. The latter position pays an average of $123K annually. Business Managers most often move into positions as Business Operations Managers or Financial Controllers; those groups report median salaries that are $8K higher and $22K higher, respectively.

Business Manager Job Listings

Popular Skills for Business Manager

This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey takers working as Business Managers report using a large range of professional skills. Most notably, skills in Financial Analysis, Project Management, Budget Management, and Financial Reporting are correlated to pay that is above average, with boosts between 6 percent and 19 percent. Skills that pay less than market rate include Customer Service, Accounts Receivable, and Office Management. Those proficient in Accounting are, more often than not, also skilled in Accounts Payable. A tool kit that includes Budget Management also typically contains Problem Solving and Accounts Payable.

Pay by Experience Level for Business Manager

Pay by Experience for a Business Manager has a positive trend. An entry-level Business Manager with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 1,463 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 1,170 salaries. An experienced Business Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 1,256 salaries. A Business Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 681 salaries.

New York is home to an above-average pay rate for Business Managers, 44 percent higher than the national average. Business Managers can also look forward to large paychecks in cities like Seattle (+39 percent), Washington (+36 percent), Boston (+34 percent), and Dallas (+31 percent). The lowest-paying market is Pittsburgh, which sits 7 percent below the national average.

Business Manager Reviews

Cons: I feel like I have too much to complete on some days. I feel that I am given too many projects at once sometimes.

Business Manager in Provincetown:

"Cultural exchange."

Pros: The food I make.

Cons: Too many tasks and requirements. Stressful moments at the day (when it's rush). Bad attitude of the employer (not always).

Business Manager in Atlanta:

"The bottom line."

Pros:

Cons: The way people handle various situations.

Business Manager in Ozawkie:

"My Life."

Pros: Holidays, four day work weeks in summer, co workers.

Cons: Stress Level.

Business Manager in Rockville:

"Part admin assistant, part project manager."

Pros: I like my ability to work independently and that I have many different types of responsibilities, all of which are important to keeping our team running smoothly. I also have learned a lot about project management and budgeting.

Cons: I often don't have enough to do and I do not have a strong background in the technology that we use. I have to search hard every day for things to fill my 8 hours. Also, government/contractor relations can be highly political.

Business Manager in San Antonio:

"Overworked. Underappreciated."

Pros: My clients, my team.

Cons: Lack of management orgnaization, lack of expectation for associates, lack of support from management.